NZDJPY sell potential Price is currently testing resistance area, I'm expecting price to continue to the bearish momentum that started, stay alert for more updates.
NZDJPY.P trade ideas
NZD/JPY - Bearish Momentum in PlayNZD/JPY appears to have broken a rising wedge and retested the trendline, I am targeting a 4H range for a decent 1:4 RR.
NZD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
The BB lower band is nearby so NZD-JPY is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 91.996.
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NZDJPY From what I can see, price failed to hold above the 91.600 resistance area. Time and time again it retested the area, resulting in breaks but never strong enough to continue being bullish. In the process, price seems to have made a wedge pattern. With this, I’m expecting price to become bearish after its retest of the wedge.
Pullback resistance ahead?NZD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 91.37
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 92.38
Why we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci extension.
Take profit: 90.63
Why we like it:
There is a pullback support level.
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NZDJPY Short idea 15min time frame possible 1:2RRLooking to sell NZDJPY for a possible 1:2RR
Entry : 90.450
Stop Loss : 90.838
Take Profit : 89.942
Take profit 2 : 89.587
Risk/Reward : 1:2
Note: Please follow if you like the idea ,appreciate your support :)
NZDJPY-bias long Bearish indications:
Bearish divergence in day mainframe
Moving average respected in day
Trend line support broken in day time frame.
Bullish indications:
4 hr support respected
Hammer candle from support
bullish divergence in 4 hr time frame.
Trend line resistance is about to break.
Double bottom formation in 1 hr time frame.
Resistance broken at 90.194
30 min moving average respected.
Trade plan bias long @ 90.564
SL:90.349
TP1:90.798
TP2:90.993
Buy OpportunityPotential Trade Setup:
Long Position: The updated analysis favors a long position based on the support bounce and potential momentum shift.
Entry: Enter the long trade at the current price level of 90.48.
Stop Loss: Place the stop loss below the support at 90.00 to allow for minor fluctuations while protecting against further downside.
Take Profit: Target the resistance level at 92.46, which aligns with the next major resistance zone.
Analysis Breakdown:
Current Price Action:
NZD/JPY is currently trading at 90.48, close to a recent low where it found support.
The price action indicates a potential reversal from the support level at 90.49, as seen by a bounce on the chart.
Volume Profile:
The volume profile highlights significant liquidity around 90.50, suggesting a strong area of interest where buyers have stepped in previously.
This area may act as a launching point for a potential bullish move.
Support and Resistance Levels:
Support: The critical support level is identified at 90.49, aligning with the current bounce zone.
Resistance: Overhead resistance levels are marked at 91.39, 92.05, and the final target at 92.46.
Take-Profit Level: The suggested take-profit is at 92.46, offering a potential upside of 2.16% from the current level.
Squeeze Momentum Indicator:
The Squeeze Momentum Indicator shows a transition with red bars decreasing, suggesting weakening bearish momentum.
A potential shift to green bars could indicate the start of a new bullish phase.
NZD-JPY Potential Long! Buy!
Hello,Traders!
NZD-JPY keeps falling down
But a strong horizontal
Support of 89.900 is ahead
So after the retest a local
Bullish correction is to
Be expected
Buy!
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NZDJPY RIGHT NOW !!!NZDJPY reached the point of decision ;
according to previous data, it should reverse right now in a huge V pattern, and then correct to return back up then ;
however stay advised, nothing is never sure, but this seems like a great trade to get into right now ;
the SL would be placed just under the yellow trend line, around 90.600.
NZDJPY: Growth & Bullish Continuation
Balance of buyers and sellers on the NZDJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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How NC Zones WorkHey,
Why not share some knowledge while we at it.
I've been trading these zones for many years now..
If you want to understand them, it starts like this;
Look for imbalances (new capital indicator find it for free)
Make sure the imbalance is engulfed.
Draw in a zone.. (Called the imbalance zone)
Now see if this imbalance zone achieved something...
Like taking out a trendline zone.. or taking out a trend.
Happy studying :)
Happy wknd,
Max
Buy NZD/JPY Descending Triangle The NZD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 91.65
Target Levels:
1st Resistance – 92.11
2nd Resistance – 92.34
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
NZDJPY: Potential Triple Bottom Pattern Could Push Pair Up to 91NZDJPY: Potential Triple Bottom Pattern Could Push Pair Up to 91.85
On the 60-minute chart, NZDJPY has found strong support near 91.27. The price has tested this zone three times and reacted near the zone, increasing the chances for another bullish wave.
It looks like NZDJPY may soon confirm a triple bottom pattern. If that happens, NZDJPY may test the top again near 91.85.
You may find more details in the chart!
Thank you and Good Luck!
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NZDJPY - BUY ENTRYThis analysis is based on market structure, which is Long because the previous low are protected. The market has created it transactional liquidity by Breaking the previous HH structure. I have seen the Inducement Liquidity using PD zone.
NZDJPY → 92.00 - bull run triggerOANDA:NZDJPY continues to accumulate pre-breakout potential against 92.000 resistance. Japan's national currency continues to weaken amid inaction from the country's Central Bank and the dollar rally...
On D1 and H1, the structure coincides and generally tells us that the price is ready to go up. Trigger 91.950 - 92.00. If buyers can break this resistance area and hold their defenses above this zone, a quick distribution will not be far behind.
JPY confirms its downward course by breaking support, which generally defines the medium-term potential for us.
Resistance levels: 92.00
Support levels: 91.362
The overall structure will be broken when the support at 91.36 is broken, but there are no hints of that yet. The currency pair does not fall after the false breakdown of resistance, but continues to inflate the potential, which generally confirms the bullish intentions to go higher.
Rate, share your opinion and questions, let's discuss what's going on with ★ OANDA:NZDJPY ;)
Regards R. Linda!
nzdjpy is bullishthe pair is trying to get out of its triangle toward next level and we are anticipating to for that when breaking its trendline
pls follow for the result
NZDJPY heading downSeeing bearish pressure for AUDJPY & NZDJPY.
Weakening NZD, rising sell activity, MACD switching bearish, RSI coming down from OB.
Short at 91.6
TP: 91.0
TP: 90.0
SL: 92.1
What do you think?
NZD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 90.022 area.
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NZDJPY Positioned for Bullish ContinuationHello,
OANDA:NZDJPY to maintain its bullish momentum, it needs to stay above the 1W/1D pivot point (PP). If it drops below, it may test the 1M PP, potentially leading to a further price decline. Proper price positioning is crucial at this stage. Overall, the trend is aligned for a bullish move.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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NZDJPY Wave Analysis 8 November 2024
- NZDJPY reversed from resistance level 92.00
- Likely to fall to support level 90.40
NZDJPY currency pair recently reversed down from the resistance level 92.00, which is the upper boundary of the narrow sideways price range inside which the pair has been moving from September.
The resistance level 92.00 was strengthened by the upper daily Bollinger Band and by the nearby 61.8% Fibonacci correction of the downward impulse from July.
NZDJPY currency pair can be expected to fall to the next support level 90.40 (lower boundary of the aforementioned price range).
NZDJPY Long idea 15min timeframe EntryNzdjpy
Looking for a Buy
Entry @ 91.652
Stop Loss @ 91.344
Take Profit 1 @ 91.948
Take Profit 2 @ 92.245
Risk Reward - 1:2
